Clear Channel Outdoor (NYSE:CCO) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical move: Shares climbed above the 200-day moving average (200‑day MA $2.14), trading as high as $2.39 and last at $2.3850 on volume of 5,202,381, signaling possible momentum.
• Negative analyst sentiment: Five analysts rate the stock Hold and two rate it Sell, producing an average rating of Reduce and an average price target of $2.29; recent notes include TD Cowen and Wells Fargo around $2.43 and Weiss Ratings maintaining a sell (d-) view.
• Mixed fundamentals: the company (market cap $1.19B, P/E 47.71) beat quarterly estimates with $0.02 EPS and $461.5M revenue, but analysts expect -$0.04 EPS for the year and institutional investors own ~85.5% of the stock.

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.14 and traded as high as $2.39. Clear Channel Outdoor shares last traded at $2.3850, with a volume of 5,202,381 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on CCO shares. TD Cowen reiterated a "hold" rating and issued a $2.43 price target (down from $2.50) on shares of Clear Channel Outdoor in a research note on Monday, April 6th. Wells Fargo & Company increased their price objective on Clear Channel Outdoor from $2.00 to $2.43 and gave the company an "equal weight" rating in a report on Friday, February 27th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Clear Channel Outdoor in a report on Friday, March 27th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Clear Channel Outdoor currently has an average rating of "Reduce" and an average price target of $2.29.

Clear Channel Outdoor Price Performance

The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 47.71 and a beta of 2.26. The stock has a fifty day moving average of $2.38 and a two-hundred day moving average of $2.14.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The business services provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The company had revenue of $461.52 million during the quarter, compared to analyst estimates of $449.10 million. On average, research analysts forecast that Clear Channel Outdoor Holdings, Inc. will post -0.04 EPS for the current year.

Institutional Trading of Clear Channel Outdoor

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in Clear Channel Outdoor by 856.6% during the 1st quarter. SG Americas Securities LLC now owns 225,920 shares of the business services provider's stock worth $535,000 after acquiring an additional 202,302 shares during the period. Sentinel Dome Partners LLC acquired a new stake in Clear Channel Outdoor during the 4th quarter worth about $3,470,000. Coastline Complete Wealth LLC acquired a new stake in Clear Channel Outdoor during the 4th quarter worth about $55,000. Alberta Investment Management Corp acquired a new stake in Clear Channel Outdoor during the 4th quarter worth about $884,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Clear Channel Outdoor during the 4th quarter worth about $38,000. 85.52% of the stock is currently owned by institutional investors and hedge funds.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc NYSE: CCO is a global leader in out-of-home advertising, offering a wide range of static and digital displays across high-traffic environments. The company's portfolio encompasses traditional roadside billboards, street furniture panels, transit advertising on buses and rail systems, and rapidly expanding digital networks. By combining broad geographic reach with state-of-the-art digital technology, Clear Channel Outdoor enables brands to engage consumers at key moments during their daily journeys.

Founded as a spin-off from Clear Channel Communications in 2005, Clear Channel Outdoor traces its origins to the early development of outdoor advertising in North America.

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